Gemini cryptocurrency company reported on Friday that it filed a confidentially requested request to make an initial public offering (IPO) in the United States, as digital asset companies seek to take advantage of increased investor risk appetite in the face of better market conditions.
In recent weeks, several prominent companies, including high-risk sectors such as cryptocurrencies and financial technology, have performed successful Ipos, reflecting repressed demand.
This week, Stablecoin Circle station made a successful debut on the New York Stock Exchange.
Analysts said the good performance of Circle’s debut could encourage more cryptocurrency companies to open their capital, adding that this trajectory should give more confidence to others that plan to debut in the stock market.
Gemini said it has not yet determined the size and price range proposed for its offer.
